🚀 Pair: BTCUSD
📉 Direction: Short (Sell)
🎥 Analysis:
BTC has recently broken its last M15 low, marking a Change of Character (CHOCH) in the market structure. This shift from bullish to bearish momentum signals a potential reversal or downside movement.
I’m expecting a retracement back up to a key supply/resistance area (such as a previous support turning into resistance) before price continues downward.
This view is supported by a clear inducement in front of the supply zone, lower low formation, and weak buying pressure on the pullback — all indicating sellers are currently in control.
🕹 Entry: Supply zone level
🎯 Target: Next major support or liquidity pool below.
🛑 Stop Loss: Positioned above the last lower high to manage risk in case the market reverses.
📉 Direction: Short (Sell)
🎥 Analysis:
BTC has recently broken its last M15 low, marking a Change of Character (CHOCH) in the market structure. This shift from bullish to bearish momentum signals a potential reversal or downside movement.
I’m expecting a retracement back up to a key supply/resistance area (such as a previous support turning into resistance) before price continues downward.
This view is supported by a clear inducement in front of the supply zone, lower low formation, and weak buying pressure on the pullback — all indicating sellers are currently in control.
🕹 Entry: Supply zone level
🎯 Target: Next major support or liquidity pool below.
🛑 Stop Loss: Positioned above the last lower high to manage risk in case the market reverses.
Note
Trade is now active, I took adjusted my entry to 105743.64. That’s just above the inducement level so let see how it plays out.Note
The initial entry point has now been triggered and trade is currently active.Note
Trade almost reach target, you can close or hold with break even. 
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.